Does a liquidator have to give an undertaking in procuring the appointment of a receiver?
California, United States of America
The following excerpt is from Maurice L. Bein, Inc. v. Housing Authority of City of Los Angeles, 157 Cal.App.2d 670, 321 P.2d 753 (Cal. App. 1958):
Jones v. Richardson, 9 Cal.App.2d 657, 659, 50 P.2d 810, held that the building and loan commissioner, acting as liquidator of a building and loan association, was not required to give an undertaking in procuring the appointment of a receiver.
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